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There’s now an extended window of opportunity for you to fill in any gaps in your national insurance (NI) history.

In our blog of February this year, we encouraged you to check your NI record before 5 April 2023, the date the government had scheduled as the deadline for making voluntary contributions to plug gaps from April 2006 onwards. The deadline is being extended to 31 July 2023 after public concern was voiced about the 5 April date.

Thousands of taxpayers with incomplete years in their National Insurance record could be financially better off in their retirement if they make voluntary payments to top up any incomplete or missing years.

Further information

On the government’s website, you can:

  • find out how to check their National Insurance record
  • obtain a state pension forecast
  • decide if making a voluntary National Insurance contribution is worthwhile for them and their pension
  • find out how to make a payment 

 

About the Author

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Martin Johnson

Partner
With expertise in advising family-owned companies on a range of tax, accountancy and business issues, Martin also has an in-depth knowledge of the automotive and property sectors. In addition, he provides advice on inheritance tax planning and financial management to owner-managed businesses.  Martin leads the firm in developing its expertise in the buy-to-let sector, advising both residential and commercial property owners on relevant tax and legislation issues. A further element to Martin’s role is to build Torgersens’ relationships with banks, financial advisors and specialists in commercial and employment law to ensure that the firm’s clients have access to market-leading guidance.  

To get in touch please e-mail martin.johnson@torgersens.com.

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